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The billion-dollar breakup of the king of Silicon Valley.

The billion-dollar breakup of the king of Silicon Valley.

The billion-dollar breakup of the king of Silicon Valley.

Ryan Breslow faced financial lawsuits and conflicts over money after the success of his fintech startup Bolt. However, the company's valuation collapsed and most of his fortune disappeared.

Breslow, the former billionaire and founder of payment decicorn Bolt, has found himself at the center of an internal spat with investors who accuse him of taking millions of dollars out of the company through nonpayment of a cash-backed personal loan. Instead of selling stock to cover the debt, Breslow authorized $30 million to be debited from Bolt's account, the lawsuit alleges.

When three board members demanded that he return the company's money, he forced them to leave.

Breslow also repeatedly tried to use his Bolt stock to take out large loans. According to internal documents and court filings, Forbes journalistic research, he also tried to itemize a million-dollar travel and security expense after stepping down as Bolt's CEO. However, a supposed $100 million loan secured by Breslow's Bolt stock was never approved.

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Irina Nikolaeva

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